Grainmarket to sell City site with potential for new tower

Lime street estate grainmarket

Marketing of Lime Street site opposite Lloyd’s Building will test appetite for City development opportunities.

The Lime Street Estate, a pair of office buildings totalling 121,255 sq ft, has been put on the market by Grainmarket Asset Management at an asking price of £78m.

Hall Kemp and Cushman & Wakefield have been appointed to find a buyer for the long-leasehold interest in the estate, which comprises 37-39 and 40 Lime Street, at a net initial yield of 7%.

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